Palantar Technologies, the company that developed the world’s most powerful cloud-based AI system, has announced it will launch an $50 million initiative to expand its AI-powered data science tools for use in government, health care and other industries.
The initiative, which is aimed at “supporting innovation and rapid deployment of AI-based products and solutions,” aims to increase the amount of AI work being done by Palantars data scientists.
The startup will provide a “stack of AI tools that will support data science, data visualization, machine learning, machine translation and predictive analytics” that will “support government, academia, and non-profit organizations to develop new, innovative AI-enabled products, services, and processes.”
“AI is driving the way we see, think, and perform everyday, but in order to make it better, we need to help make it smarter,” Palantarr CEO and co-founder Tony Fadell said in a statement.
“The next phase of Palantirs AI roadmap will build on the strengths of the stack we built last year with the introduction of the Power BI Platform.”
The Palantiris AI stack is already used by NASA, the CIA, the United States Air Force, the Federal Emergency Management Agency, the U.S. Army and many others.
“It is not only important to understand the capabilities and use cases of AI technologies, but also to build them and share those results with the public,” FadeLL said.
The company also has ties to the University of California Berkeley.
The university recently launched its own AI research center.
Palantair’s chief technology officer, Tony Fadeslaw, said that the company plans to build out its own team of AI scientists to work on “innovative, advanced technologies for government, government organizations, and other organizations.”
The company is already using data from its proprietary data science and visualization platform, DataRanger, to support the federal government and other government organizations.
The data also helps Palantaris AI researchers develop applications for the government.
The technology is already being used to predict and respond to climate change.
It’s also being used in the medical field to help people with ALS, Parkinson’s disease and other diseases, as well as in various industries like food, energy, finance, health and other fields.
Palatir Technologies, which Fadelly started in 2009, is one of the worlds largest and most influential companies in the AI space.
Its AI-driven software, called Power BI, was acquired by Infineon Technologies in 2015 for $1.4 billion.
The software was originally developed at UC Berkeley, but was later acquired by Palanteys for a reported $2.2 billion.
Palanteies AI platform is used in everything from the CIA to the U, S. Navy and more.
Palantoys AI platform has become an indispensable tool for many government agencies, including NASA, which has used Palantiri to train AI analysts on how to use the data.
The program also helped NASA develop a suite of applications to improve its search capabilities, such as using “deep learning” techniques to help it identify the best images from the data that will help guide future missions.